PremierInvestor.net Newsletter Monday 05-20-2002 section 1 of 2 Copyright © 2001, All rights reserved. Redistribution in any form is strictly prohibited. The entire newsletter is best viewed in COURIER 10 for alignment ================================================================= To view this email newsletter in HTML format with imbedded charts and graphs, click here: http://www.PremierInvestor.net/htmlemail/e20b_1.asp ================================================================= In section one: Market Wrap: Don't Let Reality Confuse You Watch List: TYC, LOW, AMZN, ERTS, MVK, YHOO, MWD, and more! Play of the Day: Room To Move ****************************************************************** MARKET WRAP (view in courier font for table alignment) ****************************************************************** 05-20-2002 High Low Volume Advance/Decline DJIA 10229.50 -123.58 10348.93 10211.72 994 mln 1199/1963 NASDAQ 1701.59 - 39.80 1726.89 1696.11 1.42 bln 1203/2321 S&P 100 545.28 - 8.02 553.30 544.41 Totals 3402/4284 S&P 500 1091.88 - 14.71 1106.59 1090.61 RUS 2000 503.17 - 5.77 508.94 502.59 DJ TRANS 2761.37 - 36.99 2798.85 2745.85 VIX 21.13 + 0.85 21.95 20.96 VXN 42.84 - 0.10 43.95 42.48 TRIN 0.99 PUT/CALL 0.71 ****************************************************************** =========== Market Wrap =========== DON'T LET REALITY CONFUSE YOU Remaining Positive On The Bovine As you may have noticed, a few times each week I'll be writing PI's Market Wrap, giving my distinguish and wise colleague, Jeff Bailey, an opportunity to do something with his life other than maintain a torrid techno love affair with his three computer monitors and real time stock charts. So fear not, Baileyians: Cap'n Jeffery will be back at the helm of the Market Wrap vessel tomorrow, peppering the investment sea with more of his unique, thoughtful insights on this capricious institution we call the stock market. Now, down to business. I like to begin each Market Wrap by summarizing my overall view of the market. Here it is in a sentence: I have been cautiously bullish, and I remain so. Today's sharp dip in the Nasdaq Composite and, to a lesser extent, the Dow, is not a cause to begin building a financial disaster bunker. It is merely the logical result of a market that became over-extended last week. Do you remember last Thursday when I noted that the Market Volatility Index (VIX) was suggesting we'd be in for some short-term profit taking? That's just what we received today. Within a few days, I believe, we'll see the market moving upward again. Don't let reality confuse you! Today's Market: U.S. Vice President Dick Cheney said yesterday on "Meet the Press," that another terrorist attack on U.S. soil was all but assured. The issue is not if, he said, but when. Well, all the market needed was that kind of honest remark from a government executive and the reaction was predictable. The Nasdaq began this morning's trading with an immediate drop of over 1%, and the rest of the market was quick to follow. But it was the 10 a.m. EDT release of the Conference Board's Leading Economic Indicators (LEI) that gave the markets another shove downward. The LEI came in at a -0.4, the first decline in this indicator in 6 months. All you have to do is look at a 5-minute chart of the S&P 500, or Dow, and you'll quickly observe the effect of the lower-than- expected LEI. Investors quickly assumed that a drop in the LEI meant the US economic recovery was in jeopardy--again. Me? I don't buy that perspective. But others do, and it was only natural that market players elected to bag some of the hefty gains enjoyed during last week's market romp. Before we give today's dip too much credence, it is important to remember that today's profit taking occurred on extremely light volume. In fact, CNBC was reporting that today's Nasdaq volume was the second lightest of the year. Interpretation: today was more about an absence of buyers rather than sellers run amuck. This simply supports my notion that today was normal after the sharp run-up of last week. When the dust cleared this afternoon, the Dow had given back 124 points, or -1.2%, to close down at 10,229. The S&P 500 lost just a bit more proportionally (-1.32%); it finished off 14.7 points and closed at 1092. The Nasdaq was the hardest hit. This tech- heavy index shrank 2.25% to close down 40, at 1702. A few sectors were affected by poignant news items during the Monday trading session. The Software Index (GSO) lost about 3% today after Oracle's CFO said he expected customer spending to remain soft for the remainder of 2002. Not surprising, ORCL was hit hard as well, finishing at $9.11, off nearly 5%. PeopleSoft added its own spin on the topic, saying they did not see a discernable pickup in demand either. PSFT suffered along with ORCL, closing down -$1.85 at $21.84. Gold prices, and gold stocks like ABX, NEM, GOLD, AU and others, broke out of a 1+ week sideway consolidation, with gold trading up over $5; the June gold futures contract finished the day at $316--a two year high--while the Gold & Silver Index (XAU) advanced 3% to 83.2. It is not unusual for gold to advance when the US dollar is weak, particularly against the Japanese Yen. That's precisely the environment we had today; on the heels of VP Cheney's warnings, which probably didn't help the US dollar, gold seemed to be a commodity investors just couldn't ignore. The housing and home-building sector received a nice lift from Lowes, the home-remodeling retailer, which spanked Wall Street's earnings estimates this morning for being too conservative. LOW beat street estimates by a wide margin: $0.44 actual EPS vs. the $0.36 estimate. One of Premier Investor's long trades in this sector, Mohawk Industries, lifted off a two-month base on huge volume, reaching a new high today ($70.60) Getting Ready For Tomorrow, Tuesday, May 21st. We have no economic reports tomorrow, so the primary focus for investors is likely to be earnings and intraday news items. We'll have several retailers releasing quarterly reports before and after the market, dominated by Target (TGT), Home Depot (HD), Saks (SKS), and Big Lots (BLI), which was upgraded today. The only technology stock of note to be reporting earnings on Tuesday will be Sycamore Networks (SCMR) We'll continue to watch the Market Volatility Index (VIX) as a tool for anticipating short-term gyrations in the stock market. This index closed today at 21.20. Remember that values in the 19-20 region of the VIX are usually associated with short-term market weakness, but ONLY once the VIX reverses (in this region) and begins moving higher. Here are the technical levels to watch over the next few days: The Dow Jones Industrial Average (INDU): The Dow closed just 10 points below its 50-dma, at 10,229. The big cap average may be able to use this as support on Tuesday. If it cannot, the Dow has another support/retracement region between 10,120 - 10,145. If the Dow happens to trade down to this level on Tuesday, a rebound should be anticipated. Resistance is at 10,290 and 10,350. S&P 500 (SPX): The SPX finished today at 1092. It has support/retracement levels at 1085 and 1074, and either can serve as an intraday rebound point for the index. Initial resistance is at 1105; if the SPX can move above this level in the next two days, it will have a good short of moving toward next resistance at 1120. Nasdaq Composite (COMPX): The COMPX has an important intraday support level at 1690, about 12 points below tonight's close of 1702. A rebound off 1690 is certainly possible; if this level is broken, however, expect a fairly brisk drop to 1645 to take place. COMPX 1645 is also a support level and a drop to this region should produce a subsequent rebound. A Quick Word About The Semiconductor Index (SOX): It's no secret that the SOX can really move the market, particularly the Nasdaq Composite. The SOX is sitting on a fence tonight. It closed today at 535. If it begins trading above 550, the chances substantially increase that this index is preparing to make a 10% move to the 600+ region. Conversely, a drop below 528 is likely to send the index down quickly to the 510 level.... and probably take the COMPX (see above) with it. Looking at Key Market Sectors Each night I try to offer active traders some of my thoughts about key sectors that are shaping the current short-term direction of the market. Please remember that other sectors covered in previous market wraps include the SOX (semiconductors), CYX (cyclicals), BKX (banks), HMO (healthcare), OSX (oil services), TNX (10 year note yields), XBD (broker dealers), XAL (airlines). Here's my thoughts on tonight's sector: the Gold and Silver Index (XAU). Gold & Silver Index (XAU) Today's big jump in gold futures--they rose over $5--offers a timely transition to tonight's discussion of the Gold and Silver Index (XAU). Technically, the XAU has been in a fairly determined upward trend since mid November 2001. Short term, the index just broke out of a small one-week consolidation today, and is now sitting at levels it has not seen since October 1999. The XAU will usually follow the direction of gold futures and, as noted above, gold futures will usually rise in value as the US dollar declines. The reason for this is fairly simply. Since gold is globally bought and sold in US dollars, a declining dollar makes the commodity more attractive in other currencies, particularly the Japanese Yen. My view of the XAU? It is in a longer-term process of moving higher - perhaps much higher. However.....although the XAU is very strong right now, it is probably very near a point at which it is likely to enter into a fairly substantial consolidation, probably lasting several weeks. This consolidation may come in the next week or two; or it may not occur until the index has enjoyed a "climax" spike, perhaps jettisoning to the 92 region from today's close of 83. The XAU is so extended now that it is very difficult to use technical analysis to forecast just where the XAU might be headed or when it might consolidate. My own guess, and that is all it is, is that the XAU will simply repeat its performance of late Sept. 1999, when it spiked from the high 70's to the low 90's over a two week period....then underwent a rough consolidation. Regardless of how the XAU finds its top, those who wish to own gold or gold stocks are now facing a fairly volatile ride until the sector has undergone a multi-week consolidation. See you on Wednesday, gang. Siegfried Brian Barger, Editor ================================================================== WATCH LIST ================================================================== The PremierInvestor.net watch list is not designed to be read as full fledged stock picks. Rather we would prefer to offer it as an extra tool in today's investor toolbox. Think of it as a radar screen with your own radar operator pointing out interesting developments, technical patterns or potential plays that you may or may not have seen on your own. Due to time constraints we do glance at the news but rarely do we have time to fully read pertinent news stories, due background research and other necessary screens that investors should do before making a decision. A common exercise is to read the entry, glance at the sector and other stocks in that industry and then compare what's happening in the stock to what's happening in the broader market indices. We hope you enjoy the Watch List and that it proves to be a useful tool for your own trading success. STOCKS WORTH WATCHING --------------------------------- TYCO International Ltd. - TYC - close: 23.20 change: +1.55 WHAT TO WATCH: Tyco is off 61% for the year. Yikes! But we like it as a high risk, short-term long position and here's why: TYC suffered a particularly precipitous decline beginning April 22nd, when the stock fell over several days from about $30 to $15. This decline left a large gap and fast move region which TYC began to fill today. TYC was up strongly today on news that it plans to issue an IPO for its CIT subsidiary, generating over $7 billion in new revenue for the company. We are looking for the stock to continue higher over the next few days, at least to the modest resistance area of $25. Although $25 may cause the stock to stall, any type of positive news--like that today--could easily send TYC higher into the fast move region which continues up to $29.60. Taking a long position in TYC is not for those who are easily unnerved; it could be a very volatile, brisk ride. The best entry would be above today's high of $23.48; a tight stop, just below today's low of $22.37, would also be prudent. --- Lowes Companies - LOW - close: 46.88 change: +2.04 WHAT TO WATCH: Lowes, the big home improvement retailer, stomped Wall Street estimates today when it reported earnings of $0.44 EPS vs. the consensus of $0.36. The stock took off on huge volume and today's move represented a major breakout from a consolidation, which has been in place since December 2001. We like the breakout, the volume spike, and all of the weekly technicals on LOW: rising RSI, recent positive crossover in the Stochastic Oscillator, and improving MACD. The stock is clearly over-extended after today's 5% gain. It should be noted, too, that LOW has some resistance in the $47.50-$48.00 area. The best way to play this stock, then, would be to wait for a pullback, perhaps to $45.50, before going long. A protective sell stop just below the 50-dma, at about $43.50, would be prudent. --- Amazon.com - AMZN - close: 19.39 change: +0.23 WHAT TO WATCH: Aggressive traders may want to consider shorting AMZN. The stock has been in a powerful uptrend for over a month but now faces psychological resistance at the $20 level. This also happens to be the top of its ascending regression channel. If the bears can successfully defend this resistance, we think profit taking could take the stock back to the channel's midline near $17. Entries could be considered on another failed rally at $20 or a move under today's low of $18.77. Of course, today's outperformance of the NASDAQ suggests that it may take a few sessions for AMZN to reverse course. --- Electronic Arts - ERTS - close: 63.91 change: +0.20 WHAT TO WATCH: The videogame battle is heating up. Last week SNE cut the price of its PlayStation 2 console to $199, just ahead of an identical X-Box price cut from MSFT. Nintendo fired another salvo today by cutting its Game Cube system to $149. This presents a positive scenario for ERTS, a game maker, which stands to benefit from the increased sales of consoles. The stock chart reflects this fundamental strength. Shares recently broke out of a multi-month consolidation and are approaching the all-time high at $66.92. Aggressive traders can consider going long now, while more conservative types will want to wait for shares to trade above $67 (or at least $65). --- Maverick Tube Corp. - MVK - close: 15.75 change: +0.89 WHAT TO WATCH: In early May, Maverick Tube began a sharp pullback, which brought the stock's price down to the key 61.8% Fibonacci retracement of its February-April advance. During this consolidation, MVK left a sharp fast move region from $17.65 to $15.90 and we think the stock might "mirror" this fast drop with an equally fast advance in the next several trading sessions. Today, MVK was raised to a "strong buy" by Raymond James, and we think the stock may enjoy a "halo effect" in coming days because of this, facilitating the advance we expect from this stock. Long positions could be taken at about $16.10, once MVK has moved over its 50-dma and short term resistance at $16.00. MVK runs into resistance once above $17.50, and profits should probably be taken as MVK nears this region. A protective sell stop, at about $15.60, would be important once the long position is triggered at $16.10. --- Yahoo Inc. - YHOO - close: 17.17 change: -0.83 WHAT TO WATCH: Shares of YHOO staged a powerful rally after moving off the $14 support level in late-April. But just as Internet bulls started to feel like it was 1999 again, on Friday the stock ran headlong into bearish p-n-f resistance at $18.50. Today YHOO was met with heavy selling that took shares within one cent of the 50-dma at $16.88. This offers a clearly-defined action point for short positions. With daily stochastics (5,3,3) just beginning to drop from the oversold band, we think YHOO could be due for a test of the 200-dma at $15.43. Bearish positions can be evaluated on a move below the 50-dma. --- Morgan Stanley Dean Witter - MWD - close: 49.35 change: -1.14 WHAT TO WATCH: Morgan Stanley is part of the tattered brokerage sector. There's lots of controversy about whether this sector is able to head higher, but we're betting that several stocks in the sector are going to move higher short term as they fill fast move regions/gaps left over from the April 23rd-April 25th thrashing this sector took. MWD has a fast move region (with an accompanying gap) which runs from $50.60 to $53.27. We think there is a good chance this region will be filled if the brokerage sector can get some support from the broader market. Sure, you're not going to become rich, but these kinds of patterns tend to play out quickly and, well, let's face it: time is money! A good entry point for this long position would be above Friday's high of $50.68. Once back into the fast move region, MWD may move quickly, and profits should be taken near the top of the fast move region ($53.27) or the near-by 50-dma, which stands at $52.74. ============= MORE TO WATCH ============= Golden State Bancorp - GSB - close: 34.84 change: +1.15 GSB has just broken out of a one-month consolidation, doing so on good strong volume the last couple of days. The stock is extended on the short term, but I have this feeling it might not pull back too much, so finding a good entry on this long position may require a divining rod. Good luck! --- Nippon Telephone - NTT - close: 22.11 change: +0.95 WHAT TO WATCH: As with many other Japanese ADR's, NTT has risen nicely over the past week. Shares are trading at multi-month highs and could be headed to the $24 level. The MACD and p-n-f chart are looking bullish as well. Aggressive traders can consider entries at current levels, while more cautious types may want to wait for a pullback to the $20 level. It's hard to get information on it, but NTT is expected to have a 5:1 stock split. The only problem is they aren't very clear on whether the ADR shares (traded on the NYSE) or the Japanese shares will do the splitting. The company's IR department has not returned any of our requests for information. --- Walt Disney Co. - DIS - close: 24.43 change: -0.42 DIS has been quietly consolidating in a narrow range over the past three months and is once again approaching resistance at $25. Watch for a close over this level, which could open the door for a test of bearish p-n-f resistance at $27. --- KLA-Tencor Corp. - KLAC - close: 60.06 change: -0.05 KLAC displayed impressive relative strength today versus fellow chip equipment makers AMAT and NVLS. If the chip sector moves higher this week, short-term traders could look for a quick move to the 50-dma at $62.47. If bulls can plow through this level, a retest of the near-term highs at $68 is not out of the question. --- Newmont Mining - NEM - close: 30.14 change: +0.69 The price of gold keeps rising, and the XAU.X (Gold and Silver Index) is trading at multi-year highs. NEM has been consolidating under $30.50 but looks ready for a breakout. Given the bullish MACD, we think a move over this level could offer an attractive entry point for traders who are bullish on the sector. However, the price of gold could be ready for a pull back. Please read tonight's market wrap for more info on the subject. =============== Play-of-the-day (BULLISH) =============== Mohawk Industries - MHK - cls: 69.80 chg: +1.37 stop: 64.87 *new* Company Description: Mohawk is a leading supplier of flooring for both residential and commercial applications and a producer of woven and tufted broadloom carpet, rugs and ceramic tile. The Company designs, manufactures and markets premier carpet brand names and a broad line of home products including rugs, throws, pillows and bedspreads. (source: company press release) - ORIGINAL WRITE UP: May 3rd, 2002 - Why We Like It: The continued rise in homebuilding-related issues has made it a bit difficult to find a long play in the sector. Sure, there are plenty of stocks with strong charts. The problem is finding one that doesn't look overbought. Fortunately, our scan of stocks in the group turned up MHK. The company is not a homebuilder per-se, but as a manufacturer of carpets, rugs and flooring, it stands to benefit from a strong sector. Business is brisk, as evidenced by the April 15th earnings announcement that featured an EPS of 77 cents/share, versus the estimate of 67 cents. Sales were up 12% from the year-ago total. MHK is displaying technical strength as well. Shares have trended higher since the earnings announcement and are within striking distance of the all-time high at $68.10. The daily stochastics are rising higher with room to move, which indicates that the stock may break over this level. The DJUSHB home construction index is at the midline of its ascending channel. Traders looking to confirm bullish sector sentiment may want to wait for the index to continue higher before going long. We're starting this play with a stop at $62.98, below the 50-dma. This would be a 5% move from the current price. We do expect potential resistance at $70 but the top of the channel should be close to $75, which is our initial profit target. - Most Recent Update: May 17th, 2002 - A delayed reaction to Thursday's strong building permits data sent homebuilding stocks higher today. The sector was previously weighed down by a decline in actual housing starts, but investors seemed to shrug off that piece of news today. Backed by its strongest volume in over a month, MHK rose 4.5% and closed over resistance at $68. The stock has performed strongly since bouncing from the 50-dma (currently 63.57) and looks poised to break to all-time highs. The sector appears to have plenty of upside potential, with the DJUSHB just beginning to rise from the bottom of its ascending channel. Traders who are willing to brave possible psychological resistance at $70 can evaluate entries if shares move above the all-time high of $68.45. We'll likely be raising our stop if/when MHK closes above this level. - Play-of-the-Day Comments: May 20th, 2002 - Owing perhaps to strong earnings from LOW, shares of MHK gained 2% today and closed at an all-time high. This move created a double-top breakout on the point-and-figure chart. It was also encouraging to see shares move over psychological resistance at $70. New bullish positions can be evaluated on either a close above this level, or an intraday move above today's high of $70.60. Traders could also consider a bounce at the $68.50 to $68.00 mark if shares pull back. With no overhead supply it's hard to say where the next level of resistance might be, but we're looking for shares to eventually reach the $75 level. Also note that we're tightening our stop-loss to $64.87. This is below both psychological support at $65 and the Thursday low of $64.88. Longer-term traders may want to keep their stops just under the 50-dma at $63.66. Picked on May 3rd at $66.30 Gain since picked: +3.50 Earnings Date 04/15/02 (confirmed) ================================================================= To stop receiving this PremierInvestor.net Newsletter, send email to Contact Support ================================================================= DISCLAIMER ================================================================= This newsletter is a publication dedicated to the education of stock traders. The newsletter is an information service only. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. The newsletter picks are not to be considered a recommendation of any stock but an information resource to aid the investor in making an informed decision regarding trading in stocks. It is possible at this or some subsequent date, the editors and staff of PremierInvestor.net may own, buy or sell securities presented. All investors should consult a qualified professional before trading in any security. The information provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. PremierInvestor.net staff makes every effort to provide timely information to its subscribers but cannot guarantee specific delivery times due to factors beyond our control. Please read our disclaimer at: http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html ***************************************************************** ADVERTISING INFORMATION For more information on advertising in PremierInvestor.net Newsletter, or any Premier Investor Network newsletter please contact Contact Support. ***************************************************************** Copyright © 2001 PremierInvestor.net. and The Premier Investor Network. Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter Monday 05-20-2002 section 2 of 2 Copyright © 2001, All rights reserved. Redistribution in any form is strictly prohibited. The entire newsletter is best viewed in COURIER 10 for alignment ================================================================= To view this email newsletter in HTML format with imbedded charts and graphs, click here: http://www.PremierInvestor.net/htmlemail/e20b_2.asp ================================================================= In section two: Active Trader Stop Adjustments: MHK (bullish), TSG (bearish) Split Trader CMC: 2-for-1 split announcement WTRS: 3-for-2 split announcement Trading Ideas Value Plays With Bullish Signals Breakout to Upside (Stocks $5 to $20) Breakout to Upside (Stocks over $20) Breakout to Downside (Stocks over $20) Recently Overbought With Bearish Signals (Stocks over $20) ================================================================== Stock Bottom / Active Trader (AT) section ================================================================== =============== AT Play Updates =============== Stop Adjustments ---------------- Mohawk Industries - MHK - cls: 69.80 chg: +1.37 stop: 64.87 *new* Owing perhaps to strong numbers from LOW, shares of MHK gained 2% today and closed at an all-time high. This move also created a double-top breakout on the point-and-figure chart. Due to the strong rally over the past two sessions, we're going to tighten our stop-loss to $64.87. This is below both psychological support at $65 and the Thursday low of $64.88. Longer-term traders may want to keep their stops just under the 50-dma at $63.66. --- Sabre Holdings - TSG - cls: 37.95 chg: -0.97 stop: 40.01 *new* TSG dropped for the third consecutive session today and finished at its lowest close since January. This bodes well for the bears (as does the rising volume on the declines), but in order to minimize risk we're going to move our stop to $40.01, above both the 200-dma and upper bollinger band. ================================================================== Split Trader (ST) section ================================================================== Split Announcements ------------------- Commercial Metals forges 2-for-1 split, increases dividend After the market closed today, Commercial Metals Company (NYSE: CMC) announced that its Board of Directors had declared a 2-for-1 stock split. The split will be effected as a 100% stock dividend and will be payable on June 28, 2002 to stockholders of record on June 7, 2002. The Company also announced a quarterly cash dividend of 8 cents/share. CMC has not split since 1994, but has risen nearly 35% YTD. The stock is currently trading at all-time highs. Shares closed at $47.25 on Monday. For a current quote, click here: http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=CMC About the company Commercial Metals Company and its subsidiaries manufacture, recycle and market steel and metal products and related materials and services through a network of over 120 locations including 4 steel minimills, 26 steel fabrication plants, 5 steel joist plants, a castellated and cellular beam fabricating plant, 4 steel fence post manufacturing plants, 2 heat treating plants, a railcar rebuilding facility, 24 concrete-related product warehouses, a railroad salvage company, a copper tube mill, 43 metal recycling facilities and 16 marketing and trading offices in the United States and in strategic overseas markets. (source: company press release) --- Waters Instruments sets 3-for-2 stock split Shortly after the opening bell this morning, Waters Instruments, Inc. (NASDAQ: WTRS) announced that its Board of Directors had declared a 3-for-2 stock split. This split will take the form of a 50% stock dividend and will be payable on June 14, 2002 to shareholders of record on May 31, 2002. WTRS has not split since a 3-for-2 offering in 1986. Year-to- date, shares have added nearly 31%. The stock closed at $11.00 on Friday. For a current quote, click here: http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=WTRS About the company Waters Instruments, Inc. is a customer-focused, market-driven provider of value-added technology solutions from three divisions - Zareba Systems, Waters Network Systems, and Waters Medical Systems. A Minnesota corporation since 1960, the company's corporate headquarters is located in Minneapolis, with manufacturing facilities in Rochester and Ellendale, Minn., and subsidiaries in Fall River, Mass. and Ontario, Canada. (source: company press release) ================== Trading Ideas ================== This section contains stocks that meet criteria which may make them of interest to long and short side traders. These are not recommendations, nor have they been reviewed by PremierInvestor editors for investment potential. However, each of them has technical and fundamental characteristics that make them worthy of further review by traders and investors looking for fresh ideas. New stocks will appear daily following the market close. Value Plays With Bullish Signals --------------------------------- Ticker Company Name Close Change NTT Nippon T & T ADS 22.11 +0.95 GSB Golden State Bancorp 35.84 +1.15 MHK Mohawk Industries Inc 69.80 +1.37 MYL Mylan Labs 30.20 +1.09 BRL Barr Labs 71.25 +2.29 --------------------------------------- Breakout to Upside (Stocks $5 to $20) --------------------------------------- Ticker Company Name Close Change SGDE Sportsman's Guide Inc 7.69 +0.89 CRMT America's Car-mart Inc 16.51 +2.08 IMY Grupo Imsa Sa De 15.00 +1.00 ANFI American National Fincl 14.60 +0.85 MDG Meridian Gold Inc 17.96 +1.46 RGLD Royal Gold Inc 12.47 +1.49 --------------------------------------- Breakout to Upside (Stocks over $20) --------------------------------------- Ticker Company Name Close Change ALO Alpharma Inc 21.05 +1.10 YORW York Water Corp 37.99 +1.49 LOW Lowe's Companies Inc 46.80 +2.04 TEVA Teva Pharmaceuticals 65.18 +2.58 GG Goldcorp Inc 21.00 +2.00 RMCI Right Mgmt Consultants 32.29 +1.06 ANSS ANSYS Inc 29.12 +1.67 ------------------------------------------- Breakout to Downside (Stocks over $20) ------------------------------------------- Ticker Company Name Close Change DEO Diageo Plc ADS 50.20 -1.20 WLP Wellpoint Health Network 67.14 -4.16 SPC Saint Paul Companies 42.80 -3.33 ITG Investment Technology 42.30 -1.11 GAP Great Atlantic & Pac Tea 22.00 -2.10 ----------------------------------------- Recently Overbought With Bearish Signals (Stocks over $20) ------------------------------------------- Ticker Company Name Close Change N Inco Ltd 21.03 -0.09 FTI FMC Technologies 21.75 -1.10 ================================================================= To stop receiving this PremierInvestor.net Newsletter, send email to Contact Support ================================================================= DISCLAIMER ================================================================= This newsletter is a publication dedicated to the education of stock traders. The newsletter is an information service only. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. The newsletter picks are not to be considered a recommendation of any stock but an information resource to aid the investor in making an informed decision regarding trading in stocks. It is possible at this or some subsequent date, the editors and staff of PremierInvestor.net may own, buy or sell securities presented. All investors should consult a qualified professional before trading in any security. The information provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. PremierInvestor.net staff makes every effort to provide timely information to its subscribers but cannot guarantee specific delivery times due to factors beyond our control. Please read our disclaimer at: http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html ***************************************************************** ADVERTISING INFORMATION For more information on advertising in PremierInvestor.net Newsletter, or any Premier Investor Network newsletter please contact Contact Support. ***************************************************************** Copyright © 2001 PremierInvestor.net. and The Premier Investor Network. Do not duplicate or redistribute in any form.
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